NEW YORK, NY / ACCESSWIRE / October 5, 2017 / U.S. markets continue to reach new record highs in the fourth quarter on strong economic data. The Dow Jones Industrial Average gained 0.09 percent to close at a record high of 22,661.64, while the S&P 500 Index hit an intra-day record of 2,540.53 before settling to close at a record 2,537.74, an increase of 0.12 percent. The NASDAQ Composite Index increased 0.04 percent to close at 6,534.63. This was the third consecutive session that all 3 major indexes closed at a new record high. On Wednesday, the Institute for Supply Management reported its index of non-manufacturing activity grew to 59.8 in September from 55.3 in August. The reading was the highest since August 2005.
"Volatility has also been kind of lackluster. Every day we come in and there are new highs," said Anthony Conroy, President at Abel Noser. "That said, there is more room to run higher for stocks. The economy is strong, earnings are good and volatility remains low."
RDI Initiates Coverage on:
Kandi Technologies Group Inc.
Capstone Turbine Corporation
Kandi Technologies Group Inc.'s stock jumped 18.66% Wednesday, to close the day at $7.95. The stock recorded a trading volume of 6,259,550 shares, which was above its three months average volume of 279,352 shares. In the last year, Kandi Technologies Group Inc.'s shares have traded in a range of 3.40 - 8.75. The share price has gained 133.82% from its 52-week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $4.49 is greater than its 200-day moving average of $4.19. Shares of Kandi Technologies have gained approximately 62.24 percent year-to-date.
Access RDI’s Kandi Technologies Group Inc. Research Report at:
On Wednesday, shares of Capstone Turbine Corporation recorded a trading volume of 2,516,247 shares, which was above the three months average volume of 277,773 shares. The stock ended the day 19.86% higher at 0.84. The share price has gained 44.83% from its 52-week low with a 52-week trading range of 0.58 - 1.48.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $0.63 is below its 200-day moving average of $0.68. Shares of Capstone Turbine Corporation have gained approximately 23.51 percent year-to-date.
Access RDI’s Capstone Turbine Corporation Research Report at:
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